St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1887-03-19
YESTERDAYS MARKET.
On the Chicago Board of Trade Wheat was
Quite Strong and Steady at the
Opening.
This was Due in Part to Better Gables and
Good Buying by Local
Houses.
Later There was a Gradual Fall,
With Il Close Below
Thursday.
Transactions in the Financial Circles
of Wall Street--G eneral
Quotations.
Special to the Globe.


CHICAGO, March 1s.-The day was very
quiet one on 'ch ange. The wheat clique has
cut its wisdom teeth, got new set of brok-
ers, stopped bulldozing the May option and is
now with great deal of discretion simply
standing on its lire and allowing the sur
rounding markets of the world to move up
toward the plane of Chicago values. This i'm
proyement in tactics is 81. marked that there
is actually a large number OF men who are
confident that this is an Armour deal. for no
other reason in the world than that good
method is being shown in its con-
duct AT New York wheat opened
AT an advance OF sc; at st. Louis at an ad-
vance OF 3ae; ar Detroit ut an advance of
&c This made the spread at the opening
between Chicago and New York II cents.
whereas at one time the difference was down
nearly 10 cents. The action of the North
western roads in advancing grain rates be-
tween Minneapolis and Chicago from 71ac TO
lSc tends to help the price here BY o. clock
May wheat was down to S07sc, notwit hstaud-
ing all the surrounding markets had shown
extraordinary strength.
THE REASON WAS
that the clique brokers had no directions to
interfere. 1t is plainly the purpose OF the
holders to get prices back to their old-time
relative standing. While New York ad-
vanced, this market declined, and now it is Il
fact that the od-time relations between
prices at these two markets are restored.
The June option advanced 10 within 15c of
May to-day, where the spread was = cents to
the DISADVANTAGE of June week ago. ker-
shaw was reported buyer at Milwaukee,
and from New York came the story that the
Chicago clique had bought and were holding
more wheat II an was actually in store there.
The uncomfortable feeling about trading
in the May option of wheat has
apparently disappeared. No commission
houses are refusing May wheat orders now,
nor are they demanding extraordinary mar
gins. In corn the stock yards crowd Of bulls
has apparently been routed horse, foot and
dragons. The May option was down to 39$sc
by o. clock, and the big receipts OF the early
part OF next week promise to send the figures
under 39c. Norton u Worthington say that
they have 100000 bushels cash corn TO de-
liver for country customers, and the "receiv-
ers generally are sellers. Nat Jones, n. B.
Beam and Robert Warren & Co. were free
sellers of lard and ribs to-day. The sales
were set down as realizing ones.
THE ROUTINE REPORT.
CHICAGO, March lS-The wheat market
was strong at the opening. May started at
BE, full advance of &c over the closing
last night This was due, in part, to better
cables aud good buying by local bull houses.
The market advanced to &c and then fell
OF gradually TO S034c, though inside figures
were not reached until late in the afternoon,
followed by slight Tally, the market closing
for the day 1000 under yesterday. The
buying for JuDe delivery was more active,
and the difference between the two months
was considerably lessened at the close of
trading. The receipts again showed falling
Off, aggregating 1884, bushels at eleven
points. The seaboard clearances were 1885,
U0t. There was very little speculation in
corn early in the day, but as the session ad
vanced the offerings became very large and
they resulted in breaking the price for May
down from 404sc to 1880, where the price
stood at the close. The receipts continue to
be large, with u good shipping demand. Oats
ruled Il shade easier and closed dull. Mess
pork remains inactive Lard was unsettled
and weak. The oGerings were liberal, and
there was an early decline OF 15Q173ac per
100 lbs, with moderately free trading at the
decline. The market rallied 5Q1T1ac, but
broke off again 10@121ac and closed 20c lower
than yesterday. Short ribs were offered
freely and a full decline of 2G@221ac occurred.
THE QUOTATIONS..
The leading futures ranged as follows:
Wheat-No.2, March, opened at 1899 closing
at 154@75sac; May. So closing at S01s@S1c;
June, Sic, closing at sOs4@s05sc; July,
sic, closing at S03sc. Corn-No. 2. March,
35c. closing at 3414c;- May, 401sc, closing at
$3.50; June Ale, closing at 4OLc:
July, 1890, closing at age. Oats-No. 2,
March, 24c. closing ut 237ac; May. csc, closing
at 2s7sQ29c; June, 2s1gc, closing at 29c
Mess pork, per barrel-March, $40. 10, closing
ut 5000; May, 500 so, closing at 5000; june
$1,000, closing at 5000. Lard, per 100 pounds
March, S7.3Ta, closing at S7.17%: May,
$50, closing at S7.3O; June, S7.52Aa, closing
at $T.3115. Short ribs per 100 pounds-March,
$3.50. closing at $7.65; May, SIS, closing
at $7.75; June, SO, closing at ST.T7k.
Cash quotations were as follows: Flour, quiet
and unchanged. Whear-No. 2 spring, 1910
7Sc; No. spring, nominal: No. red, nominal.
Corn-No. 2, 414@36ssc. Oats-No.2, 240241ac.
Rye-No. 2, SAGE. Barley-No. 2, soc.
Flax seed, No. l, SLO71a. Timothy seed, prime,
Sl-S39l.s4. Mess pork. per bbl s20@2O.25,
Lard, per 100 lbs, S7.25. Short ribs, sides,
loose;S7. 7o9T.T214 dry sailed shoulders, boxed,
$6@6.25; short clear sides, boxed, SS.25@s so.
Whisky, dlstillers' finished goods, per gal,
Sl.lS. Sugars, cut loaf, 614@61sc: granu-
lated. &c; standard "a" 5%@55ac. Re
ceipts-Flour, $4,000 bbls; wheat, 1900 bu:
corn, $4,000 blu: oats, $4,000 blu; rye, 1000
blu: barley, $1,000 bu. Shipments-Four,
14.0OO bbls; wheat, $4,000 blu: corn. 1O3, 600
bu: oats. g., 900 bu; rye, 5000 blu: barley, "a
0OO Blu. On the produce exchange to-day the
butter market was steady; creamery, 2S@31c